Black Friday sales aside, now Cyber Monday deals entice customers to spend as the holidays draw near. However, small businesses are still reeling from the impacts of Covid-19 and the ongoing labour shortages combined with supply chain disruptions present further challenges in trying to build back lost revenue over the past 19 months.
According to the Canadian Federation of Independent Business (CFIB), about 61% of small businesses have yet to meet their pre-pandemic revenues. Another 22% say they will not make it passed another six months at the current level of revenue loss. Time may be running out.